Louisiana State Employees Retirement System maintained its position in shares of General Cable Corporation (NYSE:BGC) during the second quarter, Holdings Channel reports. The firm owned 20,200 shares of the industrial products company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in General Cable Corporation were worth $330,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of General Cable Corporation during the fourth quarter valued at approximately $10,250,000. Teachers Advisors LLC raised its position in shares of General Cable Corporation by 44.0% in the fourth quarter. Teachers Advisors LLC now owns 127,858 shares of the industrial products company’s stock valued at $2,436,000 after buying an additional 39,062 shares during the period. Bank of Montreal Can raised its position in shares of General Cable Corporation by 1.9% in the first quarter. Bank of Montreal Can now owns 25,999 shares of the industrial products company’s stock valued at $467,000 after buying an additional 491 shares during the period. Nisa Investment Advisors LLC raised its position in shares of General Cable Corporation by 46.2% in the first quarter. Nisa Investment Advisors LLC now owns 14,620 shares of the industrial products company’s stock valued at $262,000 after buying an additional 4,620 shares during the period. Finally, Hartford Investment Management Co. raised its position in shares of General Cable Corporation by 17.6% in the first quarter. Hartford Investment Management Co. now owns 14,040 shares of the industrial products company’s stock valued at $252,000 after buying an additional 2,100 shares during the period. Institutional investors and hedge funds own 99.40% of the company’s stock.

Shares of General Cable Corporation (NYSE BGC) traded up 0.708% on Wednesday, reaching $17.775. 159,080 shares of the company’s stock traded hands. The firm’s market cap is $884.38 million. General Cable Corporation has a 12-month low of $11.70 and a 12-month high of $20.80. The stock has a 50-day moving average of $17.68 and a 200 day moving average of $17.27.

General Cable Corporation (NYSE:BGC) last released its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.12. The firm had revenue of $943.10 million during the quarter. General Cable Corporation had a negative net margin of 4.80% and a positive return on equity of 13.47%. On average, equities research analysts expect that General Cable Corporation will post $0.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a $0.18 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.72 annualized dividend and a dividend yield of 4.08%. General Cable Corporation’s payout ratio is currently -20.17%.

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Separately, BidaskClub upgraded shares of General Cable Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 4th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold”.

About General Cable Corporation

General Cable Corporation is engaged in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets. The Company’s segments include North America, Europe, Latin America, and Africa/Asia Pacific.

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Institutional Ownership by Quarter for General Cable Corporation (NYSE:BGC)

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